Riyadh - Sharikat Mubasher: Saudi Arabia’s Shariah-compliant digital bank, D360 Bank, is in early talks with potential investors to raise a planned Series A round in the second half of 2025.

The bank aspires to close the funding round during the first quarter (Q1) of 2026, as revealed by Chief Executive Officer Eze Szafir in an interview with Bloomberg.

D360 Bank plans to use this investment to expand services to small and medium-sized enterprises (SMEs), aligning with the Kingdom’s economic diversification strategy.

“We are looking for new investors in the international landscape, most probably from Europe or the US, with the same quality we have here with the PIF and Derayah,” Szafir said.

The bank has already raised $500 million from existing shareholders, including the Public Investment Fund (PIF) and Derayah Financial Company.

Further, D360 plans to roll out lending services for individuals and SMEs later this year.

In December, D360 Bank obtained the license from the Saudi Central Bank (SAMA) to commence its digital banking operation in the Kingdom.